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Bitkub announced its ongoing partnership with Coinbase Institutional as a custodian partner since August 2021, a collaboration formalized to enhance the security of users' digital assets with institutional security protocols and insurance coverage.
Bitkub announced that it has maintained a partnership with Coinbase Institutional (Coinbase Custody) as a custodian partner since August 2021. According to the official announcement, the agreement includes the use of institutional-grade security protocols, such as segregated cold storage of digital assets and insurance coverage against commercial crime up to US$320 million, in order to safeguard customer assets. This collaboration was formalized during a period of rapid growth for the Thai cryptocurrency market, following significant increases in both Bitcoin’s price and Bitkub’s trading volumes. Bitkub indicated that the partnership supports its aim to provide enhanced security and fulfill institutional-level service requirements for its customers.
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Bitkub is a crypto exchange offering a user-friendly platform for trading a wide variety of popular cryptocurrencies and tokens, with support for only Thai baht among fiat currencies. The platform features low fixed trading commissions, an intuitive TradingView interface, mobile apps for iOS and Android, and 24/7 support via tickets and email. For more details on its trading conditions and available services, visit the broker profile on Traders Union: full review on Traders Union.
For more background, our earlier news about Bitkub detailed the launch of a campaign enabling users to exchange KUB Gems for wellness services at Absolute Health Clinic; you can read the full story in the previous Bitkub update on Traders Union.